Columbus Considers Land Development MOU With Olena | Columbus Utilities | OLENA INVESTMENTS LLC

Scope & details

The full contract record, as filed.

Contract amount

$104,000 per acre for approximately 2.08 acres; option property priced at $104,000 per acre if purchased in 2027, increasing 3% annually thereafter

Contract type

OTHER

Contract term

MOU option through December 31, 2030; City land purchase closing within 45 days after plat recording; option closing within 60 days after exercise notice

Renewal date

2030-12-31

Renewal

The parties may amend the MOU by future written agreement. The City's option to purchase additional water-treatment-facility property remains open through December 31, 2030, with a 3% annual price increase beginning January 1 after 2027.

Document type

Agenda

Source document

City of Columbus Agenda 2026-10-06

Related contracts

Other contracts from Olena Investments Llc.

View all →

City of Columbus Agenda 2026-10-06

PENDING

Columbus Utilities, WisconsinApproximately 2.08 acres at $104,000 per acre; additional option land at $104,000 per acre if closed in 2027, increasing 3% each January 1 thereafterOct 4, 2026

City of Columbus Agenda 2026-10-06

DISCUSSSED

Columbus Utilities, WisconsinNo consideration for specified land exchangesOct 4, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Columbus Utilities?

Olena Investments Llc was awarded this government contract by Columbus Utilities, as recorded on October 4, 2026. The contract value is $104,000 per acre for approximately 2.08 acres; option property priced at $104,000 per acre if purchased in 2027, increasing 3% annually thereafter.

How much is the Olena Investments Llc contract with Columbus Utilities worth?

The Olena Investments Llc contract with Columbus Utilities is valued at $104,000 per acre for approximately 2.08 acres; option property priced at $104,000 per acre if purchased in 2027, increasing 3% annually thereafter.

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Columbus Agenda 2026-10-06 (Agenda), dated October 4, 2026 from Columbus Utilities. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Olena Investments Llc hold?

Olena Investments Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Olena Investments Llc's profile

What is Columbus Utilities currently buying?

Explore Columbus Utilities's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Columbus Utilities's profile